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Lucky Block Price Forecast: May 31
The Lucky Block price forecast is for a potential increase in volatility and bullish momentum for Lucky Block to overcome the $0.0000300 resistance level.
LBLOCK/USD Long-Term Trend: Bullish (1-Day Chart)
Key Levels:
Supply Zones: $0.0000470, $0.0000360
Demand Zones:$0.0000300, $0.0000260
Lucky Block is approaching the resistance level again as it continues market consolidation. The market became volatile after it rose above the $0.0000300 significant level. However, the price could not break out despite the volatility of many candlestick spikes piercing the $0.0000360 resistance. Therefore, the coin has descended to the $0.0000260 support level to gather momentum. Volatility has dropped but it is expected to rise again once momentum is gained to push upward.
Lucky Block Price Forecast: LBLOCK/USD Outlook
Lucky Block is again gearing to rise towards the $0.0000300 resistance level as it continues its market consolidation.
After initially rising above the significant $0.0000300 level, the market experienced volatility, with candlestick spikes frequently testing the $0.0000360 resistance. However, the price was unable to break through.
This prompted a descent back to the $0.0000260 support level to gather more momentum. Volatility has since decreased but is expected to rise again as momentum builds for an upward push.
LBLOCK/USD Medium-Term Trend: Bullish (4-hours chart)
On the daily chart, the MA period 20 (Moving Average) is closely aligned with the daily candlesticks from above, indicating it will be easier to trade above this level once market momentum increases. The ATR (Average True Range) indicator shows a decline in market volatility from a recent peak, which occurred during the price spikes above $0.0000300.
On the 4-hour timeframe, the MA period 20 has descended close to the $0.0000260 support level, allowing the price to trade above it and potentially acting as a support to push the price higher. The ATR indicator on this timeframe reveals that market volatility has stabilized and is now undulating around a point, suggesting that buyers are beginning to exert their strength to drive prices higher.
How To Buy Lucky Block
Note: Learn2.trade is not a financial advisor. Do your research before investing your funds in any financial asset, product, or event. We are not responsible for your investment results.
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